Vert Rotors, founded by Olly Dmitriev in 2013, produce ultra compact low-vibration gas compressors for aerospace, medical and other applications where vibration and noise can't be present and dimensions and weight are mission-critical.

The latest investment has created five new skilled jobs filled by individuals previously employed in the oil and gas supply chain and the company plans to add further jobs as it scales up its operations.

Vert said 75 per cent of customers are outside the UK and its customers include Fortune-500 manufacturing companies in the EU and the USA.

In 2015, Vert won a contract with the UK Centre for Defence Enterprise (CDE) to develop a prototype of the low-vibration cooling system that could significantly improve the quality and resolution of infrared imaging in small surveillance satellites.

“Our products are fully manufactured in Scotland and exported to Europe and the USA.

“We look forward to scaling up our operations following this investment.”

Kerry Sharp, head of the Scottish Investment Bank, said: “Scottish Enterprise is delighted to further invest into this ambitious and innovative engineering business.

“Its efforts to support former oil and gas workers is exemplary and contributes to the Energy Jobs Taskforce’s aim to support individuals affected by the oil and gas downturn, in particular through helping them find new employment opportunities both within and outwith the sector.

“This investment is great news for Vert Rotors and for the former oil and gas employees and we look forward to continuing to work closely with the company to help realise its significant and global growth plans.